According to the research report titled ‘Global Plant Extracts Market Analysis-2020’, available with Market Study Report, global plant extracts market is expected to grow with a CAGR of 15.40% between 2020 and 2025.
 

Rising concerns regarding immune system disorders, memory loss and cancer coupled with improving cognizance pertaining to the benefits of herbal extracts and ayurvedic medicines are some of the key factors driving the growth of global plant extracts market.
 

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Widespread adoption of plant extracts in cosmetics products owing to increased pervasiveness of skin infection coupled with growing product demand in food & beverage sector is also aiding towards the market expansion.
 

As per type, the report states that phytomedicine and herbal extract segment generated significant revenues for global plant extracts industry in the year 2019. Growing demand for the product from cosmetics, pharmaceutical, nutraceutical and skincare applications coupled with ability of the phytomedicines to prevent harmful bacteria are fueling the segmental share.
 

Based on application spectrum, global plant extracts market size from pharmaceutical and dietary supplements is predicted to expand substantially during the study period. Shifting preferences towards using allopathic medicines and ayurvedic medicines are favoring the market outlook.
 

In terms of source type, the report cites that leaves segment accounted for the largest market share in the year 2019, driven by increasing awareness pertaining to benefits of leaf extracts such as improved immune system as well as platelet counts and ability to reduce cholesterol levels.
 

Regionally, Asia-Pacific captured the largest share in global plant extracts market and is predicted to showcase continuous growth throughout the study duration. Supportive environmental conditions for development of large-scale plants along with easy availability of raw materials are facilitating the business scenario in Asia-Pacific.
 

The prominent companies operating in global plant extracts market are Shaanxi Jiahe Phytochem Co. Ltd., Native Extracts Pty. Ltd., Tokiwa Phytochemical Co. Ltd., Vidya Herbs Private Limited, PT. Haldin Pacific Semesta, PT. Indesso Aroma, Kangcare Bioindustry Co. Ltd., Symrise AG, Sensient Technologies, and Givaudan among others.